TSX Ends On Buoyant Note As Stocks Rally On Positive Lead From U.S.

(RTTNews) – The Canadian market closed on a buoyant note on Wednesday as stocks from across several sectors moved higher on sustained buying support amid renewed optimism about a U.S. stimulus deal.

After asking his administration’s negotiators to halt discussions with Democrats over a coronavirus relief plan earlier on Tuesday, U.S. President Donald Trump tweeted later that night that he would support individual stimulus measures.

“The House & Senate should IMMEDIATELY Approve 25 Billion Dollars for Airline Payroll Support, & 135 Billion Dollars for Paycheck Protection Program for Small Business. Both of these will be fully paid for with unused funds from the Cares Act. Have this money. I will sign now!” Trump tweeted.

He later added, “If I am sent a Stand Alone Bill for Stimulus Checks ($1,200), they will go out to our great people IMMEDIATELY. I am ready to sign right now.”

Stocks in Canadian and U.S.

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Donald Trump’s Personal ‘Body Man’ Tests Positive for COVID

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Trump’s Personal Assistant Tests Positive for COVID-19

One of Donald Trump’s aides has also tested positive for COVID-19.

It was confirmed that Nicholas Luna caught the virus a little more than 24 hours after Trump was hospitalized at the Walter Reed National Military Medical Center, Bloomberg reports. As one of Trump’s “body men,” Luna runs Oval Office operations for the White House, handles Trump’s papers and speech texts, and accompanies Trump on his trips—like to the debate in Cleveland—putting Luna on board Air Force One during the Minnesota trip where advisor Hope Hicks was first showing symptoms.

Trump and the first lady announced on Friday that they had tested positive for the virus, and now, it’s been confirmed that a total of 15 people have caught COVID: Trump, Melania Trump, and Hicks; Trump’s campaign manager Bill Stepien; the Republican National Committee Chairwoman Ronna McDaniel; Utah Sen. Mike Lee, North Carolina Sen. Thom Tillis, Wisconsin Sen. Ron Johnson;

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Trump’s personal assistant tests positive for coronavirus

Nick Luna, one of President TrumpDonald John TrumpJaime Harrison debates Graham behind plexiglass shield Doctors, White House staff offer conflicting messages on president’s health Trump given second dose of Remdesivir ‘without complication’, ‘not yet out of the woods’, Conley says MORE’s personal assistants, is the latest White house aide to receive a positive coronavirus diagnosis, Bloomberg reports.

The new outlet noted that Luna works closely with Trump and serves as one of the president’s “body men.”

The Hill has reached out to the White House for comment on the aide’s reported diagnosis, which comes several days after Trump and first lady Melania TrumpMelania TrumpJaime Harrison debates Graham behind plexiglass shield Doctors, White House staff offer conflicting messages on president’s health Trump given second dose of Remdesivir ‘without complication’, ‘not yet out of the woods’, Conley says MORE were confirmed to have tested positive for coronavirus.

The first

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Dollar, Yen Gain as Trump’s Positive COVID Test Sparks Haven Buying | Investing News

By Gertrude Chavez-Dreyfuss

NEW YORK (Reuters) – The safe-haven yen and dollar rose on Friday after President Donald Trump tested positive for COVID-19, rattling investors just a month before November’s U.S. presidential election.

By afternoon trading, markets had calmed down, with the dollar and yen still up but moved in narrow ranges.

Data showing U.S. nonfarm payrolls rising less than expected in September, but with a drop in the unemployment rate, had little impact on currencies, as markets focused on Trump’s health.

Trump, who had played down the threat of the coronavirus pandemic for months, said he and his wife Melania had tested positive for COVID-19 and were going into quarantine, upending the race for the White House.

The news sparked some selling on Wall Street, while U.S. Treasury prices were lower after an initial rally.

The yen made its sharpest gain in more than a month to reach a

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Wall Street closes sharply lower as Trump tests positive for coronavirus

By Stephen Culp

NEW YORK (Reuters) – U.S. stocks closed lower on Friday as news that U.S. President Donald Trump tested positive for COVID-19 put investors in a risk-off mood and added to mounting uncertainties surrounding the looming election.

Tech shares weighed heaviest on the indexes, but the blue-chip Dow’s losses were mitigated by gains in economically sensitive cyclical stocks.

Despite Friday’s sell-off, the S&P and the Nasdaq both gained 1.5% on the week, while the Dow ended the session 1.9% higher than last Friday’s close.

Trump tweeted late Thursday that he had contracted the coronavirus and would be placed under quarantine, compounding the unknowns for an already volatile market.

But stocks pared losses after the White House provided assurances that Trump, while experiencing mild symptoms, is not incapacitated.

“This injects further uncertainty into the outcome of the election,” said Roberto Perli, head of global policy research at Cornerstone Macro

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Stocks Finish Lower as Trump Tests Positive for Covid-19

Stocks ended lower Friday after President Donald Trump said he tested positive for the coronavirus and the U.S. added fewer jobs in September than forecast.

The Dow Jones Industrial Average, which had tumbled on the news, ended down 134 points, or 0.48%, at 27,682, the S&P 500 declined 0.96% and the Nasdaq slumped 2.22%.

But the stock market finished the week higher: The Dow rose by 1.9%, and the S&P 500 and the Nasdaq each gained 1.5%.

Airline stocks climbed after House Speaker Nancy Pelosi she was willing to pass a stand-alone Covid-19 airline-relief bill and asked the airlines to delay job cuts that started this week. 

United Airlines  (UAL) – Get Report, Delta Airlines  (DAL) – Get Report, and Southwest Airlines  (LUV) – Get Report all finished higher.

Tech stocks got hammered during the session, with Netflix  (NFLX) –

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Banks, investors pivot towards Biden win after Trump tests positive for COVID

By Friday, they were quickly shifting gears on the basis that Trump’s positive result would deal a blow to his campaign and lessen the overall chances of a contested election outcome.

“Trump contracting the coronavirus will elevate institutional money’s preparation for a Democratic White House and all the tax, trade and budget implications that go along with it,” James McDonald, CEO of Los Angeles-based fund manager Hercules Investments wrote in a note.

“We expect institutional investors to start de-risking portfolios and increasing hedges in preparation for market volatility.”

Oil prices dropped on the news and stocks saw an initial selloff in a volatile morning trading session. L8N2GT1IW

Major banks have been running simulations to ensure they can cope with a spike in market, liquidity and credit risks in case of a contested election or even a constitutional crisis.

One senior capital markets banker said on Friday that their institution

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FOREX-U.S. dollar, yen rise after Trump’s positive COVID test

By Gertrude Chavez-Dreyfuss

NEW YORK, Oct 2 (Reuters)The safe-haven yen and dollar rose on Friday after President Donald Trump tested positive for COVID-19, rattling investors just a month before November’s U.S. presidential election.

Data showing U.S. nonfarm payrolls rising less than expected in September, but with a drop in the unemployment rate, had little impact on currencies as markets were more focused on Trump’s health.

Trump, who had played down the threat of the coronavirus pandemic for months, said on Friday he and his wife Melania had tested positive for COVID-19 and were going into quarantine, upending the race for the White House.

The news sparked a sell-off in European stocks, before they pared some of their losses, and on Wall Street.

The yen made its sharpest gain in more than a month to reach a one-week high of 104.95 and was last up 0.3% on the

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US stocks slump after Trump tests positive for virus

NEW YORK (AP) — Stocks are pulling lower Friday, as Wall Street’s first reaction to President Donald Trump’s testing positive for the coronavirus was to retrench.

The S&P 500 was down 0.6 percent in morning trading, and a measure of fear among investors was on the rise. But the moves weren’t close to as chaotic as earlier this year, when markets were first selling off on coronavirus fears. Stocks were also paring their earlier losses, with the S&P 500 more than halving its 1.7 percent drop from shortly after trading began.

The Dow Jones Industrial Average was down 116 points, or 0.4 percent , at 27,700, as of 10:07 a.m. Eastern time, after earlier being down 433 points. The Nasdaq composite was 0.9 percent lower.

“To say this potentially could be a big deal is an understatement,” Rabobank said in a commentary. “Anyway, everything now takes a backseat to the

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